U.S. Banking Regulator Plays Down Concerns Over Bitcoin Risks

A U.S. banking regulator said on that bitcoin does not currently pose a threat to the country’s banking system and that there is “space” for innovative financial technology firms to operate in the traditional lending business. The marketplace is watching closely to see how Joseph Otting, who was sworn in as Comptroller of the Currency last month, will address a slew of issues including virtual currencies, fintech, and President Trump’s pledge to roll back rules introduced following the 2008 financial crisis.